Semis got hit and nobody cared because CRM and LLY showed up.

Semis got hit and nobody cared because CRM and LLY showed up.

CRM up 5.07% to 206.09. Earnings delivered. LLY up 4.46% to 1280.34 — weight-loss demand isn't slowing. TSLA up 4.23% to 351.12, momentum. NFLX up 3.15% to 80.22. AMZN up 2.46% to 265.84.

Now the pain side. Broadcom down 4.61% to 362.48 — guidance spooked traders. INTC down 4.02% to 92.80. AMD down 3.71% to 466.42. Semis got walked on today. Broadcom dragged the whole sector.

Futures are split. SPY holding a slim plus-0.21%. QQQ negative 0.20% — tech overhang from the semi selloff. VIX at 14.89, calm. Gold data unavailable, skipping it.

ETFs tell the same story. SPY up 0.21%, QQQ down 0.20%. IWM up 0.50% — small caps quietly outperforming. DIA up 0.26%. Rotation out of mega-cap tech is visible in these numbers.

Asian markets unavailable tonight. No data, no guesses.

Nothing on the economic calendar. Clean slate.

Earnings tomorrow morning: BJ reports before the open, EPS estimate 1.1951 — wholesale retail, watch for consumer spending signals. AAP before the open, estimate 0.8047 — auto parts, margins have been ugly. UI before the open, estimate 4.154. OWLS estimate 0.0102. ZKH and AGTX reporting with no consensus estimates on file.

One read on the session: software held, semis didn't. That gap matters heading into Friday.

Numbers don't lie. People do. Trade accordingly.